Existing Home Sales Inch Up In January

Existing Home Sales Inch Up In January

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Some Highlights:

  • Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year.

  • Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply.

  • Lawrence Yun, NAR's Chief Economist, warns: "The spring buying season is right around the corner and current supply levels aren't even close to what's neededto accommodate the subsequent growth in housing demand."



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Phone: 703-447-2236
Dated: February 26th 2016
Views: 277
About Tim: I work full time in Real Estate. We created Your New Home Team to focus our energies in creating smo...

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